Prenetics Global

What a wild swing in Asia markets as majority opened lower this morning before reversing towards the end of the session. STI surprisingly managed to edge even higher despite being down 0.9% at the open, with local banks heading the swing. Even memory and chip stocks look to have rebounded pre market.

🦎 IGGY MORNING BRIEF, 2 JULY 2026

☕ Good morning. SGX opens at 9 AM SGT.

OVERNIGHT US SUMMARY

US markets fell slightly: S&P -0.22%, Nasdaq -0.66%, Dow flat. Tech and chips led the pullback despite Fed Chair Warsh signalling easing inflation. Profit-taking in Q2's top runners. Brent crude dropped 2.50% to USD 71.13, a fresh low below the USD 72 level tracked through June.

SGX PRE-OPEN PULSE

STI closed at 5,165 yesterday, down ~43 points on the first H2 session. USD/SGD is 1.2952 (SGD soft). The Nasdaq dip, Brent breaking below USD 72, and STI pullback set a cautious tone for today's open.

THREE STOCKS ON IGGY'S RADAR

👁 CICT (C38U): Closed S$2.360. Down 0.42% on ~27M volume. Forensic out now. Yield clears the hurdle, but two balance sheet readings are out of range. Watching the soft REIT environment carefully.

👁 SingTel (Z74): Closed S$4.440. Up 0.68%, outperforming a mostly red income board. Ex-div passed. Cautious on income durability; watching if gains hold in a softer open.

👁 CapLand Ascendas REIT (A17U): Closed S$2.460. Down 1.20% on 21M+ volume. Forensic vs Mapletree Industrial out. Three balance sheet readings out of range. Tracking if support emerges at S$2.46.

IGGY'S GAME PLAN

H2 2026 starts differently: STI down, Brent <USD 72, Nasdaq lower. Broad REIT softness (7 in top 20 actives, mostly lower) against an STI near ATHs is the key dynamic to watch. Maybank trimmed its STI year-end target to 5,500 on energy cost/EPS concerns, though falling Brent cuts the other way. Forensic discipline unchanged: balance sheet first, yield second, narrative last.

📺 youtube.com/@investingiguana

📝 investingiguana.com

💬 t.me/iggytheinvestingiguana

Not financial advice. Iggy's Forensic Compliance Standards apply.

🦎 IGGY MORNING BRIEF, 24 JUNE 2026

☕ Good morning, Iguanas. SGX opens 9 AM SGT. Here is what matters before the bell.

OVERNIGHT US

Wall Street sold off. S&P 500 -1.44%, Nasdaq -2.21%. Drivers: semiconductor weakness, rising skepticism on debt-funded AI spend, and hawkish Fed repricing with October hike expectations firming.

US–Iran framework deal announced but execution unclear; Hormuz conditions still evolving.

Brent at US$77.90, now below 80.

Read-through: tech risk off, attention rotates back to dividend payers.

SGX PRE-OPEN

STI last at 5,204.01 (June 22), about 22 points off the 52-week high. Likely cautious open.

USD/SGD ~1.2970.

Lower oil eases broad cost pressure but weighs on energy names.

IGGY RADAR

D05 DBS

Transitional CET1 16.9% (1Q26, company briefing). Capital return through end-2027. Balance sheet remains the anchor in a risk-off tape.

O39 OCBC

Transitional CET1 17.0% (1Q26), strongest of the three. Zone 1 on balance sheet strength, not yield. Trailing yield still below Iggy’s 4.7% hurdle; income case improves on price weakness or dividend uplift.

U11 UOB

1Q26 CET1 15.3%, NIM 1.82%. >20m shares bought back under S$2B programme. Most conservative allocator. Zone call pending Aug 7 results.

GAME PLAN

Key question: do banks hold as a relative safe harbour while tech unwinds? If yes, defensive income thesis holds. If not, the open will show quickly.

📺 youtube.com/@investingiguana

📝 investingiguana.com

💬 t.me/iggytheinvestingiguana

Not financial advice. Iggy’s Forensic Compliance Standards apply.

S&P500 (+0.9%) and NDX (+1.1%) surging pre-market after Iran declared the Strait of Hormuz ‘completely open' during cease-fire, which is set to end Apr 22, but is likely to be extended. Brent crude -11% to $89/bbl. Today is likely to be 12th consecutive day of NDX gains, the longest winning streak since 2009.

$XTALPI(02228.HK) There was no fancy movement in pre-market today. Hehe, is the real MM here? Were the unserious ones fired a few days ago?

In today’s pre-mkt summary for Subscribers: $Tesla(TSLA.US) China weekly insured registrations hit 17.3K, a YTD high as refreshed Model Y production ramps higher; TSLA Europe Feb sales decline of -47% not relevant given severely limited Model Y inventory as TSLA changes over to new Model Y Juniper version; Trump invents a new economic weapon called secondary tariffs to punish any country that buys oil from Venezuela.